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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Keystone Investment Trust Plc | KIT | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
339.00 | 339.00 |
Top Posts |
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Posted at 21/1/2021 20:58 by donald pond Otoh Pacific Horizon which is run by BG is at a 12% premium and doing a big placing. I think there is a risk that BG are flavour of the month and they could be changing strategy at the exact wrong point in the cycle. But I think there's more to BG than that and KIT will give access to their best ideas. Disruption isn't going to stop in a hurry and my bet is that these will be on a 10-15% premium soon |
Posted at 07/12/2020 08:28 by poikka Good move, wish I hadn't sold out, but there was no way that they could continue with their strategy, and the divi would not have survived - Divi £7.8m, Revenue Reserves £4.8m, and that was in September. |
Posted at 05/11/2020 19:36 by poikka Yes, Barrick Gold's still doing well and has just come in with a 12.5% increase in the divi, but I still prefer BRWM, and I'll leave the rest of UK investments to other ITs - and my own, of course. |
Posted at 31/10/2020 22:23 by poikka Don't know why I'm still holding these, took my eye off the ball. Despite the likelihood of the gold and copper miners increasing their divis, KIT's looking unlikely to hold the divi. The Revenue Reserves were some £5.6m at the half year, against an annual divi of £7.6m, and certainly the top ten holdings don't pay much, except for Newmont, BAT, Tesco and SSE.So unless one expects KIT to set the world alight with capital growth, not much point in hanging on - and the record on capital growth is not good. |
Posted at 03/9/2020 16:55 by poikka Wow, KIT are really ahead of the game - just announced the portfolio update for 30th June. Been on holiday, have you? |
Posted at 22/6/2020 16:26 by emptyglass If the KIT board are serious about narrowing the discount they need to introduce a continuation vote at the AGM, say, every 3 years. Or maybe tender offers at NAV minus 5% ? |
Posted at 17/6/2020 08:29 by orinocor The UK focussed trusts such as ASEI,EDIN, PLI, TMPL, IVI are now on NAV discounts of under 10% whereas KIT is on a 15% discount. I bought some more at 153p just now, under the mid price. |
Posted at 05/6/2020 07:35 by orinocor Topped up with purchases at 250 and 254 this morning.Yesterdays NAV was 309.5p so Kit is on a 17% discount even if you pay full ask of 257p That compares well with the mighty Edin which is on a 11.5% discount |
Posted at 14/5/2020 19:01 by poikka Thought I made it clear enough, but here goes: holding reliable divi payers alongside a growth portfolio.Pharmas should be inflation-proof, AND be growth stocks. Did I say ALL big yielders? No, I did not. |
Posted at 14/5/2020 18:48 by orinocor I'm not sure what you're getting at. It's easy enough to put all the big yielders in the portfolio and pay shareholders a big dividend but I don't think that's been very successful for some big ITs in recent years. |
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